Tag: NERC
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Nigeria Exports Electricity Worth N181.62 Billion Despite Export Restrictions
Nigeria has exported electricity worth N181.62 billion from January to September 2024, according to the National Bureau of Statistics (NBS). The export breakdown reveals N58.65 billion in the first quarter, N63.28 billion in the second quarter, and N59.69 billion in the third quarter, primarily to Togo, Benin, and Niger Republic. This export continues despite the…
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NERC Orders DisCos to Provide 20-Hour Daily Power Supply to BAND A Customers
The Nigerian Electricity Regulatory Commission (NERC) has issued a directive requiring electricity distribution companies (DisCos) to guarantee 20 hours of daily power supply to Band A customers. Speaking on Channels Television’s Morning Brief, NERC Commissioner for Licensing and Legal, Dafe Akpeneye, emphasized that DisCos must take immediate action to downgrade customers when they cannot consistently…
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House of Reps Demands N500bn Recapitalisation for DisCos
The House of Representatives has issued a call for Nigeria’s electricity Distribution Companies (DisCos) to meet a minimum recapitalisation threshold of N500 billion to continue operations, amid growing concerns over their financial capacity and service delivery. During Wednesday’s plenary session, the House condemned what it described as “sabotage of economic development” by the DisCos, with…